Università Roma Tre

1. The Economic system. Definitions and measurement of the main macroeconomic aggregates
2. Macroeconomic equilibrium and the Keynesian theory of income and employment
3.The public sector
4. The open economy: balance of payments, exchange rate, external constraint
5. Money and financial activities. The Central Bank and the banking sector, Demand and supply of money, interest rate determination.
6. Aggregate investment and the rate of interest. Controversial aspects.
7. The IS-LM model. Economic policy in the IS-LM model in a closed economy. Effects of changes in nominal wages
8. The IS-LM model for the open economy, exchange rate regimes and the effects of economic policy
9.The AD-AS model and its implications for the theory of output and employment
10. Inflation and unemployment some elements towards an interpretation

C. De Vincenti, MACROECONOMIA - ELEMENTI DI BASE, editore Carocci, 2003 (except parr 9.5 e 9.6 and chapt. 10) + macroeconomics hand-outs by prof. Antonella Stirati available at the library